a bank which prices credit risk. Savers own both firms and the commercial bank while borrowers require loans from the … commercial bank to effect their consumption plans. The bank lends at a premium over the interest rate on central bank money in …

conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …

young, low net-worth households are able to get a mortgage and buy a house, and current (old) home-owners benefit from the …

(interest rate) uncertainty with a realistic mortgage contract. In addition, households also face idiosyncratic uncertainty … banks offer fixed-rate mortgage (FRM) contracts to home buyers. As seems plausible, each housing market transaction is …